ANALYST REPORT

TCS in France: Think Local, Act Global

This NelsonHall report discusses TCS’ strategies in the French market and the extent to which its brand value has accelerated in the last five years.

NelsonHall recently attended a TCS analyst event in Paris, France. The event was expected to focus on how Alti has boosted its presence in France but one aspect that TCS was keen for us to hear about was the extent to which its brand value has accelerated in the last five years, with a spectacular 58% increase in FY 14 to $8.3bn, placing it firmly in the top 4 of the global IT services industry. According to brand valuation consultancy BrandFinance, TCS has an AA+ brand strength rating with a score of 78%, one of just three IT services vendors to have an AA+ rating.

With over $15bn in revenues in CY 2014 and FY 2015 revenues likely to be in the region of $15.5bn, TCS is not only one of the largest, fastest growing and most profitable service providers but is now also a top 5 IT services player on the global stage. And TCS is also the most profitable of the Top 5, with an EBIT margin currently tracking at 27%. Another stat which shows the stature of TCS today is its market capitalization (standing at $83bn currently), placing it second only to IBM in the Top 5 IT services provider league table.